Citi analyst Sam Teeger upgraded Collins Foods (CLLFF) to Buy from Neutral with a price target of A$9.38, up from A$7.88. Citing same-store sales growth underpinned by improved execution and cost of goods sold tailwinds, the firm sees a pathway for improved medium-term profitability for the core KFC Australia franchise, the analyst tells investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CLLFF:
- KFC Owner Collins Foods’ Shares Fall on Weak Outlook
- Collins Foods Sees Key Shareholder Shift
- Collins Foods Reports Mixed Earnings Amid Revenue Growth
- Collins Foods Sees Revenue Growth Amidst Economic Challenges
- Collins Foods Declares New Dividend for Shareholders
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
